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Gold and the Dollar Tumble on Tentative Israel-Iran Ceasefire

Foreign Exchange & Fixed Income

Rich Asplund

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June 24, 2025

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Barchart

The dollar index (DXY00 ) today is down by -0.41% at a 1-week low. The dollar retreated after President Trump announced a tentative ceasefire between Israel and Iran, which curbed safe-haven demand for the dollar. Also, today's rally in stocks has reduced liquidity demand for the dollar. The dollar weakened...

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